DTN Closing Grain Comments 12/06 13:45
6 Dec 2024
DTN Closing Grain Comments 12/06 13:45 Corn Futures End Week With Solid Move Higher Ahead of USDA Report Tuesday Trading volumes were a mixed bag this week as participation remains on the lower end of the spectrum post U.S. harvest. We should see an uptick next week as traders will turn to the USDA for adjustments to the demand side of U.S. balance sheets. Currently, corn is receiving the majority of the attention with traders on average estimating an increase in corn demand and subsequent reduction is ending stocks in Tuesday's release. This has corn prices almost a dime higher over two sessions in anticipation, while soybean futures tread water in the face of a hazier near-term outlook in regard to demand. Rhett Montgomery DTN Lead Analyst GENERAL COMMENTS: March corn closed up 5 cents and May corn was up 4 3/4 cents. January soybeans closed down 0 cents and March soybeans were up 1/4 cents. March KC wheat closed up 1 1/4 cents, March Chicago wheat was down 1 cent and March Minneapolis wheat was down 2 cents.